Public sale organiser jailed for embezzling Dhs1.1m after promoting 3 valuable watches
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Mohammed Yaseen, Employees Reporter
The Dubai Misdemeanors Court docket sentenced a vendor and public sale organiser to six months in jail and fined him Dhs1,115,000, which he embezzled from the sale of three valuable watches handed over to him by a GCC man to promote.
The main points of the case date again to January 2022, when a GCC man filed a report complaining that he had been defrauded and Dhs1,115,000, the worth of valuable watches have been embezzled from him.
In response to his testimony within the interrogations, he communicated with an individual specialised in promoting valuables by way of his account on a social networking web site, to assist him promote 3 valuable watches in an public sale he organised by way of his web site.
The complainant added that he agreed with the suspect to promote the watches inside 15 days, however after the agreed time handed, he contacted with him to obtain the worth of the watches, however he started to evade returning the watches or their worth, so he submitted a report back to the police.
A policeman testified that investigations confirmed that the suspect labored legally in organising auctions and that he acquired 3 watches from the complainant and offered them in an public sale he organised.
The suspect was arrested and on being questioned, he confessed to receiving the watches and promoting them however he didn’t hand over their values as a result of he was arrested in different instances.